WM 29 January 2022
Quotes Every science begins as philosophy and ends as art. William James Durant In a world that has gone insane beware of the narratives. Hearing people’s opinions on vaccines, I am wondering if “anecdotal evidences” could be an oxymoron? Anecdotes are not evidences, they are stories. Note: can you be out-sane? Freud's advice on public speaking Sell side brokers and advisers are not your friend and are selling you narratives that make sense, but often miss the forest from the trees. The mechanics is simple. A story is based on the following = 1. Character 2. Conflict 3. Resolution How to Make friend and influence 1. Gain trust, credibility (remove fear barrier by being liked (= like = same and loved) 2. Appeal to emotion 3. Last appeal to Logic Lessons & Thoughts “Your goal shouldn’t be to buy players, your goal should be to buy wins. And to buy wins you need to buy runs.” (Moneyball) In portfolio management this is the...